5 Best Real Estate Stocks To Buy

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In this article, we will look at the 5 best real estate stocks to buy. If you want to explore similar stocks, you can go to Real Estate Investing For Beginners: 10 Best Stocks To Buy.

5. Anywhere Real Estate Inc. (NYSE:HOUS)

Number of Hedge Fund Holders: 21

Anywhere Real Estate Inc. (NYSE:HOUS) is a leading global provider of residential real estate services. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. Shares of Anywhere Real Estate Inc. (NYSE:HOUS) have pulled back and are presenting an attractive buying opportunity. As of December 16, Anywhere Real Estate Inc. (NYSE:HOUS) is trading at a PE multiple of 4x.

As of September 19, Compass Point analyst Jason Weaver has a $13.50 price target and a Buy rating on Anywhere Real Estate Inc. (NYSE:HOUS).

At the end of the third quarter of 2022, Anywhere Real Estate Inc. (NYSE:HOUS) was a part of 21 investors’ portfolios. These funds held collective stakes of $212.5 million in the company. As of September 30, Southeastern Asset Management is the top shareholder in the company and has a position worth $85.8 million.

Here is what Longleaf Partners had to say about Anywhere Real Estate Inc. (NYSE:HOUS) in its second-quarter 2022 investor letter:

Anywhere (previously Realogy) – Real estate brokerage franchisor Anywhere declined amid concerns over the housing market and spiking mortgage rates, in a sharp reversal from the last year. However, Anywhere is better positioned as a franchisor with franchised fees tied to home price appreciation, which should continue over the long-term. Multi-year demand fundamentals for the industry are strong with millennial home buying set to increase over the next decade. We also expect capital allocation to be another tailwind as the company is in a position to be on offense.”

Follow Anywhere Real Estate Inc. (NYSE:HOUS)

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